Second Home / Vacation Loans
"Finance your getaway."
Financing for vacation homes and second residences. Better rates than investment property because of occupancy intent.
10%
Min Down
640+
Min Credit
$766K Conforming
Max Loan
Second Home / Vacation Loans Benefits
Everything you need to know about your benefits
Lower Rates Than Investment
Personal use intent qualifies you for better rates than rental property loans
Just 10% Down
Lower down payment than investment properties (which require 15-25%)
Vacation Ready
Finance your beach house, mountain cabin, or city getaway
Some Rental OK
Rent occasionally when you are not using it—just not full-time
Conforming Loans Available
Up to $766K with standard conforming loan guidelines
Seasonal Flexibility
Use during holidays, summers, or whenever you need an escape
How It Works
Your path to homeownership in just a few simple steps
Find Your Getaway
Search for vacation properties in your preferred destination, 50+ miles from your primary home.
Verify Second Home Status
Confirm the property meets distance and personal use requirements for second home classification.
Apply with Standard Docs
Submit income verification like a primary home purchase—W-2s, tax returns, pay stubs.
Close with Better Rates
Enjoy lower rates than investment property loans due to personal occupancy intent.
Find Your Getaway
Search for vacation properties in your preferred destination, 50+ miles from your primary home.
Verify Second Home Status
Confirm the property meets distance and personal use requirements for second home classification.
Apply with Standard Docs
Submit income verification like a primary home purchase—W-2s, tax returns, pay stubs.
Close with Better Rates
Enjoy lower rates than investment property loans due to personal occupancy intent.
Enjoy Your Retreat
Use your vacation home personally and rent occasionally if desired.
Loan Details
Documentation Required
- Standard income docs (W-2s, tax returns, pay stubs)
- Primary residence address verification
- Signed occupancy certification
- Asset statements for down payment
- Property appraisal
Eligible Property Types
- Beach houses and coastal properties
- Mountain cabins and ski condos
- Lake houses
- City condos/apartments (for urban getaways)
- Resort communities
Additional Info
- Must be 50+ miles from primary residence
- Must be suitable for year-round use
- Personal use intent required
- Limited rental allowed (not primary income)
Second Home vs. Investment Property
| Feature | Second Home(This loan) | Investment Property |
|---|---|---|
| Primary Intent | Personal use | Rental income |
| Down Payment | 10% | 15-25% |
| Interest Rates | Better (like primary) | Higher |
| Rental Allowed | Limited/occasional | Full-time OK |
| Distance Required | 50+ miles from primary | No requirement |
| Qualification | Personal income (DTI) | Personal or property income |
| Occupancy Scrutiny | Lender verification required | N/A |
* Rates and terms subject to change. Contact us for current offers.
Frequently Asked Questions
Common questions about Second Home / Vacation Loans
Last updated:
What qualifies as a second home vs. investment property?
A second home is for personal use—you intend to live there part-time, not rent it full-time. It should be 50+ miles from your primary residence. If your main goal is rental income, that is an investment property with different (higher) rates.
Can I rent out my second home?
Yes, limited rental is allowed. You can rent occasionally when you are not using it (like a few weeks in summer). However, if you plan to rent full-time or generate primary income from it, you will need an investment property loan.
Why is the 50-mile distance rule important?
Lenders require distance to ensure it is truly a second home and not just a property you could live in as a primary residence. Properties close to your main home raise occupancy fraud concerns.
- Yes, significantly. Second homes are priced more like primary residences because of the personal occupancy intent. Investment properties have higher rates due to increased default risk.
- You can convert to a rental later, but this may affect your loan terms. If you refinance, you would need to refinance as an investment property at those (higher) rates. Check your loan terms for occupancy requirements.
- It depends. If you use the property personally and only rent occasionally on Airbnb, likely yes. If your primary intent is Airbnb income with minimal personal use, you will need investment property financing instead.
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Ready to Finance Your Getaway?
Get vacation home rates with just 10% down
Or call us directly: (757) 558-2603